Written by ForexBrokers.com
In this head to head comparison of Moneta Markets vs FXOpen, we will compare the trading platforms, mobile apps, range of investments, costs, market research, and more. Let's dive in.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 51% and 89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Moneta Markets, established in 2009, and FXOpen, founded in 2003, are both online brokers that aren't publicly traded or affiliated with any banks. While Moneta Markets holds one Tier-2 license, indicating a trusted status, FXOpen boasts two Tier-1 licenses, demonstrating a higher level of trustworthiness according to ForexBrokers.com. This is further reflected in their ForexBrokers.com Trust Score ratings, where Moneta Markets scores an average risk rating of 71 out of 99, compared to FXOpen's slightly higher score of 76.
In summary, although Moneta Markets operates with a trusted Tier-2 license, FXOpen's two Tier-1 licenses bolster its risk perception, placing it in a more favorable position in terms of trust and safety. Potential clients looking for a reliable online broker might find FXOpen's regulatory framework more reassuring due to its higher trust ratings and licensing credentials.
| Feature |
Moneta Markets
|
FXOpen
|
|---|---|---|
| Year Founded | 2009 | 2003 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 0 | 2 |
| Tier-2 Licenses | 1 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 0 |
Moneta Markets offers three different types of trading accounts, each with its own structure for commissions and fees. The Direct STP account is commission-free, which makes it accessible for new traders, though it has higher spreads—averaging 1.38 pips for the EUR/USD pair in August 2023. This is in contrast to the Prime ECN account, which charges a $3 commission per side for every 100,000 units, resulting in an all-in cost of about 0.79 pips for the EUR/USD pair. Their Ultra ECN account offers a better deal for high-volume traders with tighter spreads and a lower $2 commission per round-trip, although it requires a hefty $20,000 deposit. Overall, Moneta Markets is rated 4.5 stars for commissions and fees, ranking 16th out of 63 brokers by ForexBrokers.com.
FXOpen, while lacking specific average spread data, provides a competitive environment for traders in terms of commissions and fees. Without detailed numbers on spreads, it's difficult to make a direct comparison to Moneta Markets; however, FXOpen is rated at 4 stars for its commission and fee structure. This gives it a respectable standing in the industry, although it ranks 44th out of 63 brokers in the same category by ForexBrokers.com, indicating there may be brokers with more advantageous offerings.
In summary, Moneta Markets appears to have a slight edge over FXOpen in terms of commission and fee ratings and rankings. With a higher star rating and a better rank on ForexBrokers.com, Moneta Markets offers more favorable terms, especially for those willing to venture into their higher-tier account options. Both brokers have distinct offerings tailored to different trading needs, so your choice may ultimately come down to your individual trading strategy and financial commitment.
| Feature |
Moneta Markets
|
FXOpen
|
|---|---|---|
| Minimum Deposit | $50 | $100 |
| Average Spread EUR/USD - Standard | 1.38 | N/A |
| All-in Cost EUR/USD - Active | 0.79 | N/A |
| Active Trader or VIP Discounts | No | Yes |
| ACH or SEPA Transfers | No | No |
| PayPal (Deposit/Withdraw) | No | No |
| Skrill (Deposit/Withdraw) | No | Yes |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
When comparing Moneta Markets to FXOpen in terms of available range of investments, it's evident that Moneta Markets offers a significantly wider array of options. With a total of 1016 tradeable symbols, Moneta Markets outshines FXOpen, which provides 87. In the realm of forex trading, Moneta Markets provides access to 45 tradeable forex pairs, whereas FXOpen offers 25. Both brokers offer forex trading as CFDs or spot contracts, although neither provides access to exchange traded securities on U.S. or international exchanges. They do, however, facilitate cryptocurrency trading through derivatives but don't offer the buying of actual cryptocurrencies.
Both platforms support copy trading, allowing users to replicate the trades of successful traders. When it comes to ratings, Moneta Markets earns 4 stars for its range of investments, far ahead of FXOpen’s 3 stars. Reflecting these ratings, Moneta Markets is ranked 35th out of 63 brokers for range of investments by ForexBrokers.com, while FXOpen is positioned at 62nd. This comprehensive comparison showcases Moneta Markets as a more versatile choice for traders seeking a broader selection of investment opportunities.
| Feature |
Moneta Markets
|
FXOpen
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 1016 | 87 |
| Forex Pairs (Total) | 45 | 25 |
| U.S. Stock Trading (Non CFD) | No | No |
| Int'l Stock Trading (Non CFD) | No | No |
| Social Trading / Copy Trading | Yes | Yes |
| Cryptocurrency (Physical) | No | No |
| Cryptocurrency (Derivative) | Yes | Yes |
| Disclaimers | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). |
Dive deeper: Best Copy Trading Platforms.
When comparing Moneta Markets and FXOpen for their trading platforms and tools, both brokers provide ample resources for traders of all experience levels. They offer simulated trading with free virtual demo accounts, making them accessible for beginners looking to practice without financial risk. Neither broker has its own in-house developed platform, yet each offers comprehensive options like MetaTrader 4 and MetaTrader 5, available both as Windows-based desktop applications and web-based platforms. For traders interested in copy trading, both brokers deliver this feature, but DupliTrade is only offered by Moneta Markets while FXOpen provides access to ZuluTrade. While their features and functionalities are closely matched, Moneta Markets stands out slightly with more drawing tools available for charting, offering 78 compared to FXOpen’s 15.
Both Moneta Markets and FXOpen enable traders to execute trades directly from stock charts, enhancing the user experience with seamless integration. For those keeping track of multiple trades, Moneta Markets provides 4 columns for watch lists, whereas FXOpen offers a more detailed view with 7 columns. Despite each holding a four-star rating for their trading platforms and tools, they differ in their rankings by ForexBrokers.com, with Moneta Markets placing at #33 and FXOpen at #53 out of 63 brokers. Overall, both platforms are well-equipped for traders but have distinct advantages in specific areas, with Moneta Markets offering slightly more advanced tools for charting and watch lists.
| Feature |
Moneta Markets
|
FXOpen
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | No | No |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | Yes | Yes |
| MetaTrader 4 (MT4) | Yes | Yes |
| MetaTrader 5 (MT5) | Yes | Yes |
| DupliTrade | Yes | No |
| ZuluTrade | No | Yes |
| Charting - Indicators / Studies (Total) | 105 | 30 |
| Charting - Drawing Tools (Total) | 78 | 15 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 4 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Moneta Markets and FXOpen both offer comprehensive mobile trading apps for iPhone and Android users, catering to modern traders' needs. Both platforms provide essential features such as price alerts and the ability to draw trendlines on forex or stock charts. Users can view multiple time frames, ensuring a comprehensive analysis on both platforms. However, Moneta Markets provides an edge with its watchlist symbol syncing, allowing seamless updates across devices, and its handy auto-save feature for chart drawings ensures no accidental data loss. While both apps support creating watchlists with real-time quotes, Moneta Markets brings a slight advantage in terms of functionality.
When it comes to technical studies, both Moneta Markets and FXOpen offer 30 options, empowering traders to scrutinize their trading activities. Despite sharing a 4-star rating for their mobile trading apps, Moneta Markets is positioned higher at #35 compared to FXOpen at #54, according to ForexBrokers.com. This ranking reflects Moneta Markets' better user satisfaction and perhaps a few added conveniences in its app interface. Ultimately, while both platforms present viable options for traders, Moneta Markets offers added features that might tip the balance for users seeking more comprehensive syncing and charting capabilities.
| Feature |
Moneta Markets
|
FXOpen
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | Yes | No |
| Mobile Charting - Indicators / Studies | 30 | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | Yes | No |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
When comparing Moneta Markets to FXOpen in terms of market research offerings, both brokers provide daily market commentary and forex news from esteemed sources such as Bloomberg and Reuters. However, Moneta Markets distinguishes itself by integrating Trading Central's technical analytics, which FXOpen lacks. Additionally, Moneta Markets provides a sentiment-based trading tool to better gauge market direction, enhancing the decision-making process for traders. Both brokers grant access to an economic calendar that highlights crucial global events, yet FXOpen trails behind in these advanced tools.
While neither broker collaborates with Autochartist, TipRanks, or Acuity Trading for research tools, the overall research experience marks a difference in quality. Moneta Markets achieves a higher research rating of four stars compared to FXOpen's three stars. Furthermore, Moneta Markets holds a mid-table position, ranked 32nd out of 63 brokers by ForexBrokers.com for research capabilities, whereas FXOpen sits at the bottom of the list at 63rd. This comparison portrays Moneta Markets as a more comprehensive choice for traders seeking in-depth market research.
| Feature |
Moneta Markets
|
FXOpen
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | No |
| Trading Central (Recognia) | Yes | No |
| Social Sentiment - Currency Pairs | Yes | No |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When comparing Moneta Markets and FXOpen based on their educational resources for beginners, Moneta Markets stands out as a more comprehensive platform. Moneta Markets offers a substantial collection of educational materials, including more than 10 pieces focused on forex and CFDs, alongside a searchable archive of recorded webinars. For those new to trading, Moneta Markets provides over 10 beginner-level videos covering essential trading topics, and it extends its resources with advanced videos for experienced traders. Additionally, the platform includes an investor dictionary with definitions of over 50 investing terms to support new learners.
FXOpen, on the other hand, falls short in certain areas of educational provision. While it does have an investor dictionary similar to that offered by Moneta Markets, FXOpen lacks the minimum 10 educational pieces centered on forex and CFDs, does not provide webinars or archival access to client webinars, and does not offer a baseline of 10 educational videos directed at beginner or advanced traders. Consequently, in the education category assessed by ForexBrokers.com, Moneta Markets earns a 4-star rating and is ranked 33 out of 63 brokers, whereas FXOpen receives a 3-star rating and stands at rank 58.
| Feature |
Moneta Markets
|
FXOpen
|
|---|---|---|
| Education (Forex or CFDs) | Yes | No |
| Client Webinars | No | No |
| Client Webinars (Archived) | Yes | No |
| Videos - Beginner Trading Videos | Yes | No |
| Videos - Advanced Trading Videos | Yes | No |
| Investor Dictionary (Glossary) | Yes | Yes |
Dive deeper: Best Forex Brokers for Beginners.
After testing 63 of the best forex brokers, our research and account testing finds that Moneta Markets is better than FXOpen. Moneta Markets finished with an overall rank of #35, while FXOpen finished with an overall rank of #54.
Moneta Markets is a new brand under parent company Vantage Group, which offers traders the MetaTrader suite of platforms as well as a basic web and mobile app. While it does support a decent range of third-party features, Moneta Markets has lackluster research and educational offerings, and its pricing is average.
| Feature |
Moneta Markets
|
FXOpen
|
|---|---|---|
| Overall Rating |
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| Trust Score | 71 | 76 |
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Both Moneta Markets and FXOpen do not allow the purchase of actual delivered cryptocurrency, but they do provide options for trading cryptocurrency derivatives.
Both Moneta Markets and FXOpen allow deposits and withdrawals via Visa, Mastercard, and bank wires, but only FXOpen offers the additional option of using Skrill, while neither supports ACH, SEPA, or PayPal transactions.
Please note:
We review each broker’s overall global offering – a “Yes” checkmark in our Compare Tool does not guarantee the availability of any specific features in your country of residence. To verify the availability of any features within your country of residence, please contact the broker directly.
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0 of 5| Overall Rating | Moneta Markets | FXOpen | |
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| Trust Score | 71 | 76 | |
| Winner | check_circle | ||
| Review | Moneta Markets Review |
| Broker Screenshots | Moneta Markets | FXOpen | |
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| Regulation | Moneta Markets | FXOpen | |
|---|---|---|---|
| Trust Score | 71 | 76 | |
| Year Founded | 2009 | 2003 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | No | Yes | |
| Tier-1 Licenses | 0 | 2 | |
| Tier-2 Licenses | 1 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 0 |
| Tier-1 Licenses (Highly Trusted) | Moneta Markets | FXOpen | |
|---|---|---|---|
| Australia (ASIC Authorised) | No | No | |
| Canada (CIRO Authorised) | No | No | |
| Hong Kong (SFC Authorised) | No | No | |
| Japan (SFC Authorised) | No | No | |
| Singapore (MAS Authorised) | No | No | |
| Switzerland (FINMA Authorised) | No | No | |
| United Kingdom (U.K.) (FCA Authorised) | No | Yes | |
| USA (CFTC Authorized) | No | No | |
| New Zealand (FMA Authorised) | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | No | Yes |
| Tier-2 Licenses (Trusted) | Moneta Markets | FXOpen | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | Yes | No | |
| UAE (DFSA/Central Bank Authorised) | No | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | Moneta Markets | FXOpen | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 1016 | 87 | |
| Forex Pairs (Total) | 45 | 25 | |
| U.S. Stock Trading (Non CFD) | No | No | |
| Int'l Stock Trading (Non CFD) | No | No | |
| Social Trading / Copy Trading | Yes | Yes | |
| Cryptocurrency (Physical) | No | No | |
| Cryptocurrency (Derivative) | Yes | Yes | |
| Disclaimers | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). |
| Cost | Moneta Markets | FXOpen | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.38 | N/A | |
| All-in Cost EUR/USD - Active | 0.79 | N/A | |
| Active Trader or VIP Discounts | No | Yes | |
| Inactivity Fee | No | Yes | |
| Execution: Agency Broker | No | Yes | |
| Execution: Market Maker | Yes | Yes |
| Funding | Moneta Markets | FXOpen | |
|---|---|---|---|
| Minimum Deposit | $50 | $100 | |
| PayPal (Deposit/Withdraw) | No | No | |
| Skrill (Deposit/Withdraw) | No | Yes | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | No | No |
| Trading Platforms | Moneta Markets | FXOpen | |
|---|---|---|---|
| Proprietary Platform | No | No | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | Yes | Yes | |
| MetaTrader 4 (MT4) | Yes | Yes | |
| MetaTrader 5 (MT5) | Yes | Yes | |
| cTrader | No | No | |
| DupliTrade | Yes | No | |
| ZuluTrade | No | Yes |
| Trading Tools | Moneta Markets | FXOpen | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 4 | 7 | |
| Charting - Indicators / Studies (Total) | 105 | 30 | |
| Charting - Drawing Tools (Total) | 78 | 15 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | Moneta Markets | FXOpen | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | Yes | No | |
| Mobile Charting - Indicators / Studies | 30 | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | Yes | No | |
| Mobile Economic Calendar | Yes | Yes |
| Research | Moneta Markets | FXOpen | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | No | |
| Trading Central (Recognia) | Yes | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | Moneta Markets | FXOpen | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | No | |
| Client Webinars | No | No | |
| Client Webinars (Archived) | Yes | No | |
| Videos - Beginner Trading Videos | Yes | No | |
| Videos - Advanced Trading Videos | Yes | No | |
| Investor Dictionary (Glossary) | Yes | Yes |
| Major Forex Pairs | Moneta Markets | FXOpen | |
|---|---|---|---|
| GBP/USD | Yes | Yes | |
| USD/JPY | Yes | Yes | |
| EUR/USD | Yes | Yes | |
| USD/CHF | Yes | Yes | |
| USD/CAD | Yes | Yes | |
| NZD/USD | Yes | Yes | |
| AUD/USD | Yes | Yes | |
| Review | Moneta Markets Review |
| Overall | Moneta Markets | FXOpen | |
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| Trust Score | 71 | 76 | |
| Winner | check_circle | ||
| Review | Moneta Markets Review |
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